REG - Rotork PLC - Share buyback programme

RotorkAnnouncement

11/03/2025 07:15

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RNS Number : 0827A  Rotork PLC  11 March 2025

11th March 2025

Rotork plc

Share buyback programme

 

As announced separately today with full year results, Rotork plc remains a
highly cash generative business with a strong cash position that provides it
with considerable financial flexibility. Consistent with Rotork's stated
capital allocation policy, the Board has decided to return cash to
shareholders while retaining a strong balance sheet. As a result, Rotork is
announcing a share buyback programme to repurchase ordinary shares of 0.5
pence each. The aggregate purchase price of all Ordinary Shares acquired under
the programme will be no more than £50 million (excluding stamp duty and
expenses). Any Ordinary Shares purchased by Rotork will be cancelled. Our
financial flexibility enables us to pursue strategic investments and we remain
active in looking for suitable opportunities, consistent with our Growth+
strategy.

 

 

 

 Rotork plc                                  Tel:  +44 (0)1225 733 200
 Andrew Carter, Investor Relations Director

 FTI Consulting                              Tel:  + 44 (0)20 3727 1340
 Nick Hasell
 Susanne Yule

 

 

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent
flow control solutions for oil & gas, water and wastewater, power,
chemical process and industrial applications. We help customers around the
world to improve efficiency, reduce emissions, minimise their environmental
impact and assure safety. Rotork employs about 3,500 people, has manufacturing
facilities in more than 15 locations and serves 170 countries through a global
service network. Its shares are listed on the London Stock Exchange (symbol:
ROR) and are a constituent of the FTSE 250 index. For more information please
visit www.rotork.com (http://www.rotork.com/) .

 

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